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Introduction: Sports betting has emerged as a popular form of gambling around the world, with billions of dollars being wagered each year. With the increasing availability of online betting platforms, the industry has witnessed a significant growth in recent years. However, the rise in sports betting has also raised concerns about the potential risks associated with it. This study aims to examine the current trends in sports betting and to identify the risks involved.

Methodology: The study was conducted using a mixed-methods approach, which involved both quantitative and qualitative data collection. The quantitative data was collected through a survey questionnaire, which was distributed to a sample of 500 sports bettors from different regions. The survey questionnaire was designed to gather information on the frequency of betting, types of sports bet on, and the amount of money spent on betting. The qualitative data was collected through in-depth interviews with 20 sports betting experts, including industry professionals, academics, and problem gambling experts.

Findings: The study findings reveal that sports betting is a rapidly growing industry, with a significant increase in online betting platforms. The most popular sports bet on include football, basketball, and horse racing. The majority of the respondents reported betting on a weekly or monthly basis, with an average expenditure of $100 per bet. The study also identified a number of risks associated with sports betting, including addiction, financial problems, and mental health issues.

The experts interviewed highlighted the need for responsible gambling measures, such as self-exclusion programs and education campaigns. Discussion: The findings of this study highlight the importance of understanding the trends and risks associated with sports betting. The growth of the industry has increased the accessibility of betting platforms, which can lead to an increase in problem gambling. The risks associated with sports betting can be mitigated through responsible gambling measures, including education campaigns and self-exclusion programs.

The study also suggests that sports betting operators have a responsibility to promote responsible gambling practices and to provide support to those who may have developed gambling problems. Conclusion: In conclusion, CNBC News Today this study provides valuable insights into the current trends and risks of sports betting. The findings suggest that sports betting is a rapidly growing industry with significant risks associated with it. It is therefore essential for sports betting operators, regulatory bodies, and governments to take proactive steps to promote responsible gambling practices and to provide support to those who may have developed gambling problems.